Alamo Community College, Texas, preps $76.23 million sale of bonds

By Sheri Kasprzak

New York, Feb. 27 - The Alamo Community College District of Texas is set to sell $76,225,000 of series 2012 revenue financing system revenue and refunding bonds, according to a preliminary official statement.

The deal includes $53.86 million of series 2012A revenue and refunding bonds and $22,365,000 of series 2012B taxable revenue refunding bonds.

The bonds (Aa2/AA-) will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager. The co-managers are Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Southwest Securities Inc. and Stifel, Nicolaus & Co. Inc.

The 2012A bonds are due 2013 to 2036, and the 2012B bonds are due 2012 to 2017.

Proceeds will be used to construct a parking garage, as well as to refund existing debt.

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